Sale of rental property

By Alicia Human · Updated

Tim

Tim said:
17 February 2017 at 13:48

My son works abroad, but he owns a rental property in South Africa which he sold recently. Is he required to pay capital gains tax on the proceeds?
TaxTim Alicia

TaxTim Alicia said:
17 February 2017 at 13:55

Yes your son needs to pay capital gains tax as the income is regarded as local income.
Kindly refer to our Capital Gains Tax Calculator